Donald Trump has said he doesn't want "a poor person" to hold economic roles in his administration as he used an Iowa rally to defend his decision to appoint the wealthy to his cabinet. The U.S. president told a crowd on Wednesday night: "Somebody said why did you appoint a rich person to be in charge of the economy? No it's true. And Wilbur's [commerce secretary Wilbur Ross] a very rich person in charge of commerce. I said: Because that's the kind of thinking we want.'" read more
The Republican Party chairman in Georgia's 11th Congressional District said that the shooting at a congressional baseball practice near Washington, D.C., will result in a GOP win in the state's special House election, the Washington Post reported. Brad Carver, the GOP chairman, said the shooting will drive moderates and independents to vote for Republican Karen Handel, the Post reported. "I'll tell you what: I think the shooting is going to win this election for us," Carver told the Post Saturday. "Because moderates and independents in this district are tired of left-wing extremism. I get that there's extremists on both sides, but we are not seeing them." read more
Early last August, an envelope with extraordinary handling restrictions arrived at the White House. Sent by courier from the CIA, it carried "eyes only" instructions that its contents be shown to just four people: President Barack Obama and three senior aides. Inside was an intelligence bombshell, a report drawn from sourcing deep inside the Russian government that detailed Russian President Vladimir Putin's direct involvement in a cyber campaign to disrupt and discredit the U.S. presidential race. But it went further. The intelligence captured Putin's specific instructions on the operation's audacious objectives -- defeat or at least damage the Democratic nominee, Hillary Clinton, and help elect her opponent, Donald Trump. read more
President Donald Trump says he did not make secret recordings of ex-FBI chief James Comey despite an earlier hint to the contrary. He said in a tweet: "I did not make, and do not have, any such recordings." Days after he fired Comey, the president had tweeted: "James Comey better hope that there are no 'tapes' of our conversations ... " He has been under pressure to produce the tapes amid inquiries into alleged Russian meddling in the election. The House Intelligence Committee had earlier this month asked the White House to hand over any such recordings.
Barry Ritholtz, Bloomberg: When a governor announces an economic theory as a solution to a state's fiscal problems, while challenging all comers to observe the results, that's something I want to pay attention to. And so for the past five years, I have been watching the public-policy experiment in Kansas with great fascination. With the state legislature now rejecting the governor's experiment, we can move onto to the next phase: Not recrimination and blame, though there is lots of that going around. Instead, I want to look at how the experiment played out, and what lessons there are to be learned from it. read more
Republican Karen Handel defeated Democrat Jon Ossoff Tuesday in a special election to fill a Georgia congressional seat, dashing Democrats' hopes of flipping a House district in order to build momentum ahead of the 2018 midterms. CNN and NBC called the race for Handel just after 10 p.m. ET, followed by the Associated Press. ... Republican Karen Handel defeated Democrat Jon Ossoff Tuesday in a special election to fill a Georgia congressional seat, dashing Democrats' hopes of flipping a House district in order to build momentum ahead of the 2018 midterms.
A man drove a van into worshipers close to the Muslim Welfare House in Finsbury Park [in London] as they were gathered to help an elderly man who had collapsed. That man later died, but it is not clear if his death was the result of the attack. Ten others were also hurt. A 48-year-old man has been arrested on suspicion of attempted murder. ... Police said all the victims of the attack were Muslim and many were believed to have just left evening prayers after breaking the Ramadan fast. ... [Imam] Mohammed Mahmoud told reporters: "We told them the situation -- there's a man, he's restrained, he mowed down a group of people with his van and there is a mob attempting to hurt him and if you don't take him then, God forbid, he might be seriously hurt."
McDonald's hits all-time high as Wall Street cheers replacement of cashiers with kiosks. Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain's restaurants this year. Andrew Charles from Cowen cited plans for the restaurant chain to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. The technology upgrades, part of what McDonald's calls "Experience of the Future," includes digital ordering kiosks that will be offered in 2,500 restaurants by the end of the year and table delivery.
Former House Speaker Newt Gingrich said Friday that it's impossible for President Donald Trump to obstruct justice because of the fact that he's president. However, Gingrich himself has in the past voted to impeach a president over such charges. While speaker of the House, Gingrich voted in 1998 to impeach President Bill Clinton on charges of obstruction of justice and perjury.
Barack Obama: I recognize that repealing and replacing the Affordable Care Act has become a core tenet of the Republican Party. Still, I hope that our Senators, many of whom I know well, step back and measure what's really at stake, and consider that the rationale for action, on health care or any other issue, must be something more than simply undoing something that Democrats did. We didn't fight for the Affordable Care Act for more than a year in the public square for any personal or political gain -- we fought for it because we knew it would save lives, prevent financial misery, and ultimately set this country we love on a better, healthier course. read more